Trading of other consumer goods, the name of the company was again changed to Geep Industrial Syndicate Limited w.e.f. 20th August 1979. Till the year 1998-99, the company was engaged in full-fledged activity of manufacturing and selling of flashlight cases miniature lamps and dry cell batteries. However on the 25th of November 1998 the company entered into a deal with two companies of Gillette India Private Limited namely M/S Wilkinson Sword India Limited (WSIL) and Gillette Diversified Operations Limited (GDOL) whereby it sold GEEP brand. As the company name Geep Industrial Syndicate Limited was identified with the brand GEEP which it sold to WSIL, it became necessary to change its name as per the terms of the agreement with WSIL. Hence, w.e.f 17th March. 1999 the company name was again changed to its present name, Shervani Industrial Syndicate Limited. Now the company has enetered in to real estate business and started its first housing project in the name and style of Sterling Apartment
The company was promoted by Late Mr. M. R. Shervani, an eminent personality who ventured into different businesses in the consumer goods market and set up other ongoing projects viz. Sugar Mill and Hospitality business. The present Managing Director Mr. Saleem Iqbal Shervani took over in the year 1981. Mr. Saleem Shervani aged about 58 years is a B.A. (Hons) Gold Medallist in Economics from Aligarh Muslim University. He had held portfolios of the State Minister of Health and Family Welfare (Independent charge) and the State Minister of External Affairs. He was member of various parliamentary committees including the Consultative Committee of Ministry of Finance and Ministry of External Affairs and Central Advisory Committee on Science and Technology. In the year 1990, he was honored with Indira Gandhi Unity Award for outstanding services, achievements and contribution to the society. He was also a member of the Indian delegation to the UNO several times.
Farco Foods Private Limited: Farco Foods is wholly owned subsidiary of the company and situated at Jagdispur in District Chatrapati Shahuji Maharaj Nagar (Amethi). It is a biscuit manufacturing unit. Presently the unit is working under Job Work agreement with Surya Foods & Agro Limited and producing the Biscuits under their brand name Priyagold. Approx 350 MT biscuits are produced every month
1. Shervani Sugar Syndicate Limited: It is an associate company producing white crystal sugar. The unit is situated at District Kanshiram Nagar in central U.P. with crushing capacity of 3000 TCD.
2. Shervani Hospitalities Limited: It is an associate company engaged in the hospitality business. The company is running its hotel at Sunder Nagar, Nehru Place in New Delhi and one hotel in Nainital in the name of Shervani Fortview, Shervani Nehru Place and Shervani Hill Topp Inn respectively. Apart from these hotels company is also running a restaurant at Connaught Place in New Delhi in the name of Rodeo.